Singapore Fund Considers ELNs

09 Sep 2001

Singapore-based asset manager
Kenrich Partners
is
considering buying its first equity-linked note.
Richard Loh, managing
director at Kenrich, said the firm is looking into using the
structured products but added that no time frame has been
established. "We're still in discovery, no conclusions have been
made yet," added Loh. Kenrich would first establish criteria to
follow, and then make its decision on whether to invest in the
product, said Loh, declining to elaborate.

Kenrich Partners, which primarily invests in
Asian equities, has used listed warrants on Asian names in the
past. He declined to detail the size of assets under management or
elaborate on why it is considering buying the notes at this time.
Kenrich Partners' prime broker is
Morgan
Stanley. An equity derivatives marketer
at Morgan Stanley declined all comment.